Large Plumbing Company


Location: Eastern North Carolina
ID: (# 200638)

Large Plumbing Company

New Listing

To request additional information start by providing the following:
Asking Price: $1,525,000
Cash Flow: $ 250,000

Annual Sales:  $ 2,500,000
Assets (FF&E):  $ 75,000
Inventory:  $ 20,000
Real Estate:  $ 275,000

Overview

Rare opportunity to take over a well established large plumbing business in a fast growing area in Eastern North Carolina. This owner operated business needs a business savy buyer that can fully capitalize on the growing opportunity. 14 crews of 1-2 men are currently operating repairs and new construction out of fully equipped trucks that bear the company logo. This business can manage any large job, as opposed to the majority of its local competitors. Excellent option for a strategic buyer.

Real estate owned by the business brokered by Lynn Harris/Century 21.

Details

Reason for Selling:
Pursuing personal interests

Year Established:
2006

Number of Employees:
20

Facilities:
Office, storage building and car park owned by the business and included in the sale (real estate brokered by Lynn Harris/Century 21)

Inventory:
Plumbing inventory, no overstock

Furniture, Fixtures, Equipment:
18 trucks, equipped for business. Assets are well maintained and in good condition. The dollar amount listed is estimated fair market value.

Support and Training:
The seller is willing to remain with the company for a certain amount of time to assist in the transition and training of the new owners.

Competition and Market:
The area is experiencing massive growth with many residential and commercial construction projects underway and in planning. Almost no competition of similar size that can handle large jobs solo.

Growth and Expansion:
20% growth in revenue in 2017 over 2016, with net profit increase 10% during the same period. The area is experiencing massive growth with many residential and commercial construction projects underway and in planning.


Broker Contact Information

Regina Angela Fisher

regina@bristol.group


Bristol Group Carolina
serving North and South Carolina
Located in Wilmington, NC
(910) 520-0737 | Office
(910) 520-0737 | Mobile